Business & Investing
Sponsored by

Buying physical gold/silver

348,695 Views | 2258 Replies | Last: 20 hrs ago by NastyNate
AggieT
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Orome • 10:21a, 11/6/23
AG
Follow this website:

findbullionprices

1. The prices fluctuate constantly. Buy the dips when they happen.
2. This is all a long term play. Nobody is making money flipping gold and silver.
3. Pay attention to the Gold/Silver Ratio. It is high right now (85+) signaling that silver is "cheap" relative to gold.
4. Most think that silver could have huge upside potential as the price is heavily manipulated. There are also countless industrial uses for silver, and demand is expected to outstrip supply in the near future.
5. Avoid high premiums (markup over the spot price).
6. Consider a Walmart credit card. Several large dealers sell there online, and you get 5% cash back. This also avoids shipping delays waiting for wire transfers/ACH payments to clear.
7. Dollar cost average. Figure out what and how much you want, and buy on a regular basis.
8. Only buy from reputable sources. Tons of scams on eBay, etc. The link above lists reputable dealers with reviews for each. APMEX, JD Bullion, Bullion Exchange, Monument Metals are all fine.
9. Have an exit strategy.

Once you hold this stuff in your hand you will be hooked.
Reply Quote
11
Orome
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to AggieT • 11:45a, 11/6/23
AG
Thank you that's exactly the type of content I was looking for!
Reply Quote
1
techno-ag
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Orome • 12:13p, 11/6/23
AG
ChatGPT is no help.

Quote:
The thread you provided is a discussion on the TexAgs Business & Investing forum about buying physical gold/silver. The thread has 1367 replies and 174,575 views as of the last update 1. Unfortunately, I am not able to provide a summary of the thread as it is too long and contains a lot of information. However, you can read through the thread to find the information you need.

Is there anything else I can help you with?
Reply Quote
6
Apache
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to AggieT • 4:20p, 11/6/23
AG
Quote:
9. Have an exit strategy.
1. Societal collapse
2. Profit?
Reply Quote
6
Well, okay then
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Apache • 6:44p, 11/6/23
AG
Apache said:
Quote:
9. Have an exit strategy.
1. Societal collapse
2. Profit?
Me: pass to heirs!
Reply Quote
1
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:22p, 11/12/23
Sponsor
AG
$0.99 over spot:

https://bullionexchanges.com/100-oz-royal-canadian-mint-rcm-silver-bar
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
7
Andrew Dufresne
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Red Pear Realty • 12:59a, 11/13/23
Need about 10 of these just to see what they look like stacked up.
Reply Quote
1
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Andrew Dufresne • 2:13a, 11/13/23
AG
Andrew Dufresne said:
Need about 10 of these just to see what they look like stacked up.
They're beautiful. I don't have 10 but Royal Canadian Mint makes some of, to my eye, the prettiest bullion
Reply Quote
6
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:31a, 11/14/23
AG


Reply Quote
1
1 edit
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:17p, 11/15/23
Sponsor
AG
Kilo at spot deal:

https://www.apmex.com/product/247005/1-kilo-cast-poured-silver-bar-apmex-at-spot
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
4
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:59p, 11/22/23
AG
Forgive the gold stock talk, but I dipped a toe into Newmont Gold here this week (NEM)

https://schrts.co/YXviQtRh
Reply Quote
1
1 edit
Ted Lasso
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:07a, 11/24/23
AG
10 oz bars at spot on APMEX now. Max 3

Edit: sold out
Reply Quote
1 edit
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:12a, 11/24/23
AG


Silver woke up this a.m.
Reply Quote
2
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:22a, 11/27/23
$25 silver this morning...nice!!
Reply Quote
4
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
11:40a, 11/28/23
Sponsor
AG
This is what unabashed price manipulation looks like.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
5
redsquirrelAG
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:06a, 11/29/23
AG
Keep it going baby.
Reply Quote
1
Snake Jazz
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to AggieT • 1:13p, 11/29/23
AG
AggieT said:
Follow this website:

findbullionprices

1. The prices fluctuate constantly. Buy the dips when they happen.
2. This is all a long term play. Nobody is making money flipping gold and silver.
3. Pay attention to the Gold/Silver Ratio. It is high right now (85+) signaling that silver is "cheap" relative to gold.
4. Most think that silver could have huge upside potential as the price is heavily manipulated. There are also countless industrial uses for silver, and demand is expected to outstrip supply in the near future.
5. Avoid high premiums (markup over the spot price).
6. Consider a Walmart credit card. Several large dealers sell there online, and you get 5% cash back. This also avoids shipping delays waiting for wire transfers/ACH payments to clear.
7. Dollar cost average. Figure out what and how much you want, and buy on a regular basis.
8. Only buy from reputable sources. Tons of scams on eBay, etc. The link above lists reputable dealers with reviews for each. APMEX, JD Bullion, Bullion Exchange, Monument Metals are all fine.
9. Have an exit strategy.

Once you hold this stuff in your hand you will be hooked.
I'm also new to this...I'm about to sell some family property and want to put a significant portion of that sale into gold or silver, but as I started looking at this, it seems way more complicated than I expected.

I was just going to go through Birch or Rosland or one of the other companies that are always advertising...am I to understand that they are overpriced?

Buy gold and silver from WalMart? That feels odd.

Are there any particular coins that are better than others?

Any help anybody can provide would be appreciated.
Reply Quote
1
ac04
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
1:23p, 11/29/23
buying from walmart with 5% back and free shipping is brilliant, wish i had thought of that a long time ago. i have been checking it periodically since that post and the 5% back usually brings the price below spot.
Reply Quote
4
Jabin
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Snake Jazz • 1:23p, 11/29/23
Some of the answers to your questions depend on your reasons for buying gold and silver.

Are you buying simply to store bullion as an investment?

Or are you buying to have "currency" in the event of an end-of-the-world scenario?

If the former, buying bars or other large pieces at the lowest possible price is probably smart.

If the latter, buying coins that will be easily recognizable may be better, even if you pay a higher price than spot. For example, American eagles in 1/10 oz. will always be recognizable and accepted, and are low enough in value that they can actually be used in transactions.

Another strategy might be some combination of the two.
Reply Quote
5
Snake Jazz
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:39p, 11/29/23
AG
Thank you for your answer.

I'm probably in agreement with your last sentence. I'm looking at this as a stable investment until we get into better economic times, and I'm prepared to lock it in my safe for years. But, I probably should have a little bit in stuff that is easier to sell in case I needed it.
Reply Quote
RoyVal
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:51p, 11/29/23
AG
..
Reply Quote
1 edit
Todd 02
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ac04 • 4:29p, 11/30/23
AG
ac04 said:
buying from walmart with 5% back and free shipping is brilliant, wish i had thought of that a long time ago. i have been checking it periodically since that post and the 5% back usually brings the price below spot.
Is it really just as simple as getting a Walmart CC and paying with that?
Reply Quote
1
AggieT
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:41p, 11/30/23
AG
Yes.

The same places that charge cc fees on their own sites (APMEX, etc.) sell on Walmart.com. No fees, free shipping, and 5% cash back.

https://www.capitalone.com/credit-cards/walmart-rewards/
Reply Quote
5
1 edit
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:00a, 12/1/23
AG
I get fiat money back to purchase real money?

#mindblown
Reply Quote
4
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:28p, 12/1/23
Sponsor
AG
Gold at $2,081

Silver at $25.68
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
2
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:07p, 12/1/23
$2,100 by year end?
Reply Quote
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to TTUArmy • 6:14p, 12/1/23
Sponsor
AG
TTUArmy said:
$2,100 by next week?
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
ChiefKiefton
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
5:36p, 12/3/23
Gold going cray cray
Reply Quote
1
Aggiemike96
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Red Pear Realty • 5:43p, 12/3/23
AG
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!
Reply Quote
1
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Aggiemike96 • 5:48p, 12/3/23
Sponsor
AG
Aggiemike96 said:
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!


You're telling me. Up over $50 an ounce. Wow.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:21p, 12/3/23
I'll take it!
Reply Quote
1
Aggiemike96
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Red Pear Realty • 10:13a, 12/4/23
AG
Red Pear Realty said:
Aggiemike96 said:
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!


You're telling me. Up over $50 an ounce. Wow.
And now down about $50. What a ride the past 16 hours. Yikes!
Reply Quote
1
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Aggiemike96 • 10:20a, 12/4/23
Sponsor
AG
The machine can't let that spike happen.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
2
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Aggiemike96 • 10:57a, 12/4/23
AG
Aggiemike96 said:
Red Pear Realty said:
Aggiemike96 said:
Red Pear Realty said:
TTUArmy said:
$2,100 by next week?


By tonight! Already hit $2,100!


You're telling me. Up over $50 an ounce. Wow.
And now down about $50. What a ride the past 16 hours. Yikes!


Buy dips,
Not rips
Reply Quote
1
1 edit
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Red Pear Realty • 11:42a, 12/4/23
Red Pear Realty said:
The machine can't let that spike happen.
It goes like that with paper gold and silver. One of these days, maybe in the near future, those naked shorts are going to get squeezed and make things real interesting. Just not today...
Reply Quote
3
1 edit
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.